Thursday, May 20, 2021

g-f(2)285 The big picture of the digital age (5/20/2021), HBR, Private Investors Can Help End Poverty. They Just Need to Think Small and Local.



ULTRA-condensed knowledge


Lesson learned, HBR,
  • All poverty is local. But all prosperity is local as well. The path to prosperity is only as sound as the infrastructure it is built upon.

Alert, HBR,

    • It is time for private investment, and the global financial system, to demonstrate this fact.

    Warning, HBR,
    • According to the Global Infrastructure Hub, only $6 billion of private infrastructure investment went to the world’s poorest countries between 2010 and 2019 — that’s less than 1% of the total USD $1.1 trillion invested during that period. 
    • One critical reason for this lack of investment involves the gap between commercial data and private sector decision-making.

    Opportunity, HBR,
    • More than public sector action, we need innovation that incentivizes investors to direct capital towards promising infrastructure projects in low-income countries. 
    • This includes innovative finance methods and tools to strengthen synergies between major global capital markets and concessional finance actors like development finance institutions, multilateral organizations, and OECD governments.

    Lesson learned, HBR,
    • UNCDF is already piloting innovations. 
    • Along with United Cities and Local Governments and the Global Fund for Cities Development, UNCDF has launched an international municipal investment fund to deliver private and public finance to locally-based infrastructure projects in developing and least-developed countries — with a target capitalization of EU 350 million at first closing.


    Genioux knowledge fact condensed as an image


    Condensed knowledge



      Category 2: The Big Picture of the Digital Age

      [genioux fact deduced or extracted from geniouxfacts]

      This is a “genioux fact fast solution.”

      Tag Multiple updates for those traveling at high speed on GKPath

      Tag Lessons learned to those traveling at high speed on GKPath

      Lesson learned, geniouxfacts,
      • All poverty is local. But all prosperity is local as well. The path to prosperity is only as sound as the infrastructure it is built upon.
      Lesson learned, HBR,
      • UNCDF is already piloting innovations. 
      • Along with United Cities and Local Governments and the Global Fund for Cities Development, UNCDF has launched an international municipal investment fund to deliver private and public finance to locally-based infrastructure projects in developing and least-developed countries — with a target capitalization of EU 350 million at first closing.

      Alert, HBR,
        • It is time for private investment, and the global financial system, to demonstrate this fact.

        Warning, HBR,
        • According to the Global Infrastructure Hub, only $6 billion of private infrastructure investment went to the world’s poorest countries between 2010 and 2019 — that’s less than 1% of the total USD $1.1 trillion invested during that period. 
        • One critical reason for this lack of investment involves the gap between commercial data and private sector decision-making.

        Opportunity, HBR,
        • More than public sector action, we need innovation that incentivizes investors to direct capital towards promising infrastructure projects in low-income countries. 
        • This includes innovative finance methods and tools to strengthen synergies between major global capital markets and concessional finance actors like development finance institutions, multilateral organizations, and OECD governments.

        Type of essential knowledge of this “genioux fact”: Essential Analyzed Knowledge (EAK).

        Type of validity of the "genioux fact". 

        • Inherited from sources + Supported by the knowledge of one or more experts + Supported by research.


        Authors of the genioux fact

        Fernando Machuca


        References




        ABOUT THE AUTHORS


        David Jackson is the director of the local development finance practice at the United Nations Capital Development Fund (UNCDF).

        David Jackson, a British national, has over 30 years of experience in Local Development. In the 1980s, he worked in London local government on the plan for employment, affordable housing and open space along the River Thames, including the park that became the site of the London Eye. He spent the 1990s in Mozambique for the United Nations Capital Development Fund (UNCDF), where he designed and piloted a national system of local government finance for capital investment that was taken to scale by government. Returning to the United Kingdom in 2001, he ran a consulting company supporting local development in over 10 African and Asian countries through governments, the World Bank and other clients. David rejoined the UN in 2006, serving as Decentralisation Advisor to the Government of Indonesia and UNDP, where he was instrumental in developing the UN support to the local government reforms in Aceh province following the Indian Ocean Tsunami and the Peace Agreement.


        Jaffer Machano is the global programme director of municipal investment finance at the United Nations Capital Development Fund (UNCDF).

        Jaffer Machano is the Global Programme Manager for the Municipal Investment Finance programme of UNCDF. Jaffer oversees the UNCDF initiative charged with increasing the capacity of local governments to address key urbanization challenges through access to sustainable sources of capital financing. Before joining Standard Chartered Bank, Jaffer worked for Tanzania Investment Bank, a local investment bank, and Barclays Bank Tanzania. Jaffer’s experience with the United Nations includes serving under the United Nations Development Programme and the UN Peacekeeping Division. His experience in finance also includes working for the Federal Reserve Bank of New York.


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